Tag Archives: daily

February Retail Sales, Producer Prices

Auto Sales Top Out as Energy Prices Bottom Out February Retail Sales declined by 0.1 percent, and January was revised down to -0.4 percent. Ex-auto Retail Sales also dipped by 0.1 percent as categories showed mixed results. The Producer Price … Continue reading

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February U.S. Employment, January Trade

Strong Jobs Data Confirms Economic Momentum February Payroll Employment increased by a strong 242,000 jobs, well above consensus expectations. The Unemployment Rate for February was unchanged at 4.9 percent. Average Hourly Earnings dropped by 0.1 percent. Average Weekly Hours dipped … Continue reading

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February ADP Jobs, Auto Sales

Jobs and Cars Signal Healthy Consumer Sector The February ADP Employment Report showed a gain of 214,000 private-sector jobs. February Auto Sales ticked down slightly to a 17.5 million unit rate. Our thesis for this year is that consumer spending … Continue reading

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February ISM Manufacturing, January Construction Spending

Merely Mortal Data for Super Tuesday The ISM Manufacturing Index for February increased to a barely contractionary 49.5 percent. Construction Spending increased by 1.5 percent in January as highway construction surged. The ISM Manufacturing Index for February increased to 49.5 … Continue reading

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January New and Existing Home Sales, December House Prices

Soft Home Sales in the West, but Conditions Look Good for Spring Sales Season New Home Sales for January sagged, down 9.2 percent to a 494,000 unit annual rate. Existing Home Sales in January were essentially unchanged, up 0.4 percent … Continue reading

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January Residential Construction, Producer Prices, Industrial Production

It’s Winter! Housing Snowed Out, Prices Up, Utility Output Up January Housing Starts decreased by 3.8 percent to a 1,099,000 unit annual rate. Permits for new residential construction ticked down by 0.2 percent to a 1,202,000 unit pace. The Producer … Continue reading

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January U.S. Employment, December Trade

Payroll Gains Less Than Expected, But Other Labor Indicators Positive January Payroll Employment increased by a 151,000 jobs, below consensus expectations of 185,000. The Unemployment Rate for January declined to 4.9 percent. The U.S. International Trade Gap widened in December … Continue reading

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January ADP Jobs, ISM Non-MF Index, Auto Sales

Jobs Increasing, Cars Driving, Service Sector Expanding, but at a Slower Rate The January ADP Employment Report showed a gain of 205,000 private-sector jobs. The ISM Non-Manufacturing Index for January dipped again to a still-positive 53.5 percent. January Auto Sales … Continue reading

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January ISM-MF, December Income/Spending, Construction Spending

A Shifting U.S. Economy Struggles to Find Traction This Winter The ISM Manufacturing Index for January increased slightly to 48.2 percent, still indicating contraction. U.S. Personal Income lifted by 0.3 percent in December. Real disposable income gained 0.4 percent. Nominal … Continue reading

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FOMC Statement, December New Home Sales, November House Prices

Fed Keeps Key Interest Rate Unchanged As Expected The Federal Open Market Committee voted today to keep the fed funds target range unchanged. New Home Sales for December surged by 10.8 percent to a 544,000 unit annual rate. The U.S. … Continue reading

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